Do I Need Professional Indemnity Insurance? UK Requirements
PI is mandatory for solicitors, FCA-regulated firms, architects, and surveyors. Optional for others, but clients often require it.
Mandatory Professions
Solicitors, FCA-regulated advisors, architects, surveyors, accountants, auditors, and patent attorneys must have PI insurance.
Optional But Important
Consultants, IT professionals, designers, and web developers don't legally require PI but face exposure.
When You Need PI
Get PI if clients require it, you give professional advice, you're starting a service business, have significant turnover, or your error could cause financial loss.
43%
increase in PI claims over 5 years
72%
of mid-market companies require PI
£150k
average cost defending a claim
Cost of Being Uninsured
Without insurance, you're personally liable. Defending a claim costs £100,000+ even if you win.
Check If You Need PI"A single claim can destroy a thriving practice without insurance."
— Professional Indemnity Claims Group
Frequently Asked Questions
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